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Why firm charges different prices to different consumer? Every firm needs to maximize its profit. When goods are sold to different customers, each customer negotiate price of
What is Economic Depreciation?
Consider the following flow (in thousands of people) between the various labour market states in a particular month:
types of market competitions
what does it mean by a normal good ?
The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u
Illustrate and explain the changing demand for big mac using the indifference curve and budget line.
DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS
Differentiate between real and nominal variables. In economics, the distinction among nominal and real numbers is often made. Nominal variables -- like nominal wages, interest
about opean market economy
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